Every business consultation begins with us learning about your company’s culture, values, demographics, and growth trajectory. From there, we help you determine the type of plan that best suits your business’s needs and goals.
Looking to start a 401(k) plan?
We’ll discuss your options and help you design a custom plan. We’ll provide hands-on guidance for implementing your plan; then we’ll manage all the details like open enrollment, employee education, and ongoing plan management and review. We’ll also visit your business a few times a year to assist with new-employee onboarding and other tasks you need help with.
Already have a plan in place?
We’ll conduct a comprehensive, unbiased benchmark of your existing plan. Our goal is to ensure you’re not overpaying, have the best investment options, and are capitalizing on all the benefits your plan offers—all while remaining compliant with Department of Labor standards.
How does Benchmarking benefit my business and why is it recommended by the Department of Labor?
By benchmarking your benefits plan, we make sure you and your employees are getting the best retirement benefits at the lowest cost.
When we benchmark your plan, we address four core questions:
Are you working with a provider that offers your benefits at the lowest possible cost to you and your employees?
Are you leveraging best-in-class investments?
Do you have the required investment options?
Are you or your employees getting money back at the end of the year because of failing to pass compliance testing?
Our Process For Benchmarking Your Plan
- Step 1
- Step 2
- Step 3
We’ll review the cost of your current plan (both to you and your employees) and run a comparison analysis to see if there are less expensive options available.
We’ll analyze your investments to determine whether the investment options are performing against their peers and whether they are the best-in-class options.
We’ll help you develop a strategy to either fully implement the benefits in your plan or remove unnecessary features to help you save money. In doing so, you can help employees take advantage of better opportunities and reduce costs for participants and your business.